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Credorax and ReD form alliance

17 September 2013

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Source: Credorax

Credorax, the smart high-tech acquirer for e-commerce and m-commerce merchants and PSPs, and ReD, a leading global provider of fraud prevention services, have formed a strategic alliance which will offer an integrated, best-in-class acquiring, payment processing and fraud prevention solution to new and existing customers of both companies.

ReD's highly respected ReD Shield® fraud prevention solution will be made available to Credorax customers through ePower™, the company's unified payment processing and acquiring technology platform. The addition of ReD Shield will enhance its fraud prevention and risk-minimising services, building on Credorax's commitment to offering merchants a highly secure acquiring and payment processing experience. ReD customers will also now be able to take advantage of Credorax's range of solutions, which are already being used by thousands of merchants and PSPs in Europe.

"ReD and Credorax are both very experienced and knowledgeable in the European e-commerce sector, making us a good fit to support merchants looking to grow their online payments quickly while minimising risk," said Manish Patel, Regional President of ReD. "This new agreement highlights ReD's ability to partner right across the payments value chain, providing best-in-class fraud prevention solutions and expertise."

"This new partnership with ReD further demonstrates our relentless effort to provide our merchants and partners with a smart acquiring experience," said Nathan Jackson, Vice President of UK Credorax. "Merchants and partners can leave the "worrying" to Credorax and ReD, and do what they do best - focus on their core business.